New Owner of OLIV to Launch Mandatory Tender Offer for Shares at Rp35 Each

Jakarta — Olive Power Invest, the new controlling shareholder of PT Oscar Mitra Sukses Sejahtera Tbk (OLIV), has commenced a mandatory tender offer (MTO) for the company’s shares.

The tender offer encompasses a maximum of 590.073 million shares of OLIV, equivalent to 31.06 per cent of the company’s issued and fully paid capital. According to the prospectus dated 12 March 2026, Olive Power Invest is offering Rp35 per share, bringing the maximum transaction value to Rp20.66 billion.

The mandatory tender offer period runs from 13 March through 11 April 2026. Olive Power Invest has confirmed it possesses sufficient funds to fulfil its obligations to pay shareholders in connection with the MTO.

Previously, the new controlling shareholder completed a share transfer of OLIV on 25 November 2025 from the previous owners. From Hendro Jap, it acquired 1.155 billion shares representing 60.80 per cent of the company, and from Hioe Mie Tjen, it purchased 135 million shares constituting 7.10 per cent, both at Rp13.56 per share, with the total transaction value reaching Rp17.5 billion.

In total, the new controlling shareholder obtained 1.290 billion shares, representing 67.90 per cent of the company’s issued and fully paid capital. Following completion of this transaction, Hioe Mie Tjen no longer holds any shares in the company.